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Suppose that total sales in an industry in a particular year are $1,000 million and sales by the top four sellers are $2 million, $1.5
Suppose that total sales in an industry in a particular year are $1,000 million and sales by the top four sellers are $2 million, $1.5 million, $1 million, and $1 million, respectively. We can conclude that Multiple Choice this industry is oligopolistic. the concentration ratio is 5.5 percent. allocative efficiency will be achieved. this industry is purely competitive
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